In 2015, we have renewed and extended our BASF Palm Commitment. In 2017, we published our first Palm Progress Report with our progress made in 2016. Our targets are:
1. We have integrated additional forest conservation requirements regarding high carbon stock and peatland into our palm sourcing policy (defined by High Carbon Stock*). Additionally, we have incorporated requirements for a Free, Prior Informed Consent (FPIC) process into our sourcing policy.
2. We will work with key stakeholders and stakeholder forums to define traceability in a way that supports reduction of unsustainable palm oil and thus helps to stop deforestation.
3. We commit ourselves to using raw materials that are both RSPO-certified (MB/SG) and traceable – this applies to palm oil and palm kernel oil, as well as palm fractions and derivatives.
a. In continuation of our commitment made in 2011, BASF’s goal is to source only RSPO-certified sustainable palm oil and palm kernel oil.
b. BASF will establish and incorporate upstream traceability for palm oil and palm kernel oil by 2020.
c. BASF will expand its commitment to only source RSPO-certified sustainable raw materials with upstream traceability for palm oil and palm kernel oil fractions and primary palm and palm kernel oleochemical derivatives** and edible oil esters by 2025.
4. We will support the physical transformation of the market towards sustainable palm oil and palm kernel oil in our supply chain and in the market.
5. We will use our resources to provide forums on the complexities of palm oil for our partners and stakeholders to highlight the need to work together to achieve sustainability.
6. We are targeting smallholder inclusion by supporting appropriate smallholder projects.
7. We will continuously report on our progress based on the defined timetable.
* new plantings shall be done in accordance with the HCSA Toolkit 2.0 or higher versions 1.
** primary derivatives fatty acid methyl esters, fatty alcohols, fatty acids, glycerine and the secondary derivative ascorbyl-palmitate
1 http://highcarbonstock.org/ updated Nov. 2016